Navigating Risk in Procurement

Procurement has evolved over the past several years in part as a response to numerous and varied disruptions. Many of the changes have resulted in improvements in processes and technology for procurement organizations around the globe. However, procurement still has opportunities to better manage risk and drive added value for their supply chains and overall enterprises.
From APQC’s Sourcing and Procurement: 2024 Blueprint for Success, this article details the importance of navigating risk in procurement. These findings are supported by data from APQC’s Open Standards Benchmarking research in procurement and examples from successful organizations.